Distributor of Airplane Parts

Phoenix serves as the exclusive financial advisor in arranging and negotiating the sales of assets for a distributor of airplane parts.

The Client

Phoenix’s client was a $350 million publicly traded Distributor of Airplane Parts based in Florida.

The Challenge

The Company was suffering from a downturn in the commercial airline industry and high leverage from numerous acquisitions. The Company’s lender required the Company to engage a restructuring advisor to assist in the recapitalization of the business. The complexion of the Company’s problems dramatically changed after September 11, 2001.

The Solution

Phoenix assumed responsibility as the restructuring advisor and executed a pre-arranged Chapter 11 with a 363 sale. The post-petition auction process resulted in a 10% increase in the initial stalking horse bid. This resulted in recovery to the company’s various creditors that exceeded initial liquidation analysis.

Phoenix Capital

Primary Industry

  • Distribution

Secondary Industry

  • Aircraft and Parts

    Primary Services

  • Crisis ManagementBusiness / Operational AssessmentsFinancial ForecastingBankruptcy Advisory